country about the dangers of immigration, crime, and so-called african gangs were marauding through victoria. but he bungled the covid pandemic and had little success with the economy. in the recent elections, australia s conservatives suffered their worst loss ever. and the even more extreme united australia and one-nation parties did poorly, as well. the new labor prime minister currently enjoys an extraordinary high approval rating. why is this happening? well, populism thrives as an opposition movement. it encourages fear and conspiracy theorys about nefarious ruling elites and promises emotional promises, such as ban immigration, stop trade. but the shallowness of this is exposed once in government and leaders can t blame others as
rather than actual programs, such as ban immigration, stop trade. but the shallowness of this is exposed once in government and leaders can t blame others as easily. the non-populist forces are sensible and get things done and defang some of the populist right. look where joe biden s style and serious demeanor and practical policymaking have given him large legislative accomplishments without triggering a electoral backlash. he benefits from being an old white man. had barack obama enacted the same policies as joe biden, i have a feeling we would hear much more talk of his dangerous socialism and un-american policies. complete with racial innuendos. the poster child for populism has always been argentina. juan juan peroni and his
It was a big year for FX markets as the US Dollar jumped for the first three quarters of 2022 only to snap back with aggression in Q4. What’s in store for 2023?